Title insurance ensures that the current owner is safe from past claims and title faults and puts the property firmly in his possession. Any residential property, even with all legal safeguards are apparently in place, is ultimately built on land. One cannot automatically assume that this land did not have previous owners.
Title insurance ensures that the current owner is safe from past claims and title faults and puts the property firmly in his possession. One should see it as a shield of protection against loss arising from such legal proceedings – a shield that protects the owner as long as he or his heirs remain in ownership..............................................Full Article: Source